CIBC says BlackBerry is a buy

Following first quarter results that were cheered by the street, CIBC analyst Todd Coupland has maintained his “Buy” rating and (U.S.) $6.00 price target on BlackBerry (BlackBerry Stock Quote, Chart, News, Analysts, Financials NYSE:BB).

On June 24, BlackBerry reported its Q1, 2026 results. The company posted Adjusted EBITDA of $16.4-million on revenue of $121.7-million

“BlackBerry made a strong start to the new fiscal year, building on the solid foundation we as a company have laid over the past year,” said John J. Giamatteo, CEO, BlackBerry. “Both our QNX and Secure Communications divisions continue to execute effectively against their strategies, beating both top line and profitability expectations. BlackBerry’s solid balance sheet and plan for continuing profitability and cash generation this fiscal year enable us to allocate capital efficiently, with $10 million of share buybacks executed this past quarter.”

Shares of BlackBerry spiked from $4.33 to $4.87 on June 25, but had fallen back to $4.54 on June 27.